Press Releases

Meridian Capital Group Arranges $121.5 Million in Financing That Includes Eight Skilled Nursing Facilities in FL, NJ, CT, and MD

Meridian Capital Group’s senior housing and healthcare team arranged $121.5 million in financing from mid-March to early May, including financing for eight skilled nursing facilities in FL, NJ, CT, and MD.

The recent closings include $42.4 million in acquisition financing along with a line of credit for a 230-bed skilled nursing facility in Miami Beach, FL. The loan was negotiated by Meridian Managing Directors, Ari Adlerstein and Ari Dobkin, and Senior Vice President, Josh Simpson, who are all based in the company’s New York City headquarters.

Mr. Adlerstein, Mr. Dobkin, and Mr. Simpson also arranged $17.4 million in financing to refinance a 130-bed skilled nursing facility in Berkeley Heights, NJ, and $21.5 million to refinance two skilled nursing facilities in Norwalk and Bucks Hill, CT, totaling 240 beds. Additionally, they arranged $10.2 million in financing to refinance a 120-bed skilled nursing facility in Fort Myers, FL.

The team also arranged a $9.2 million acquisition loan for a 106-bed skilled nursing facility in Baltimore, MD, and $5.4 million in financing for the acquisition of two skilled nursing facilities totaling 120 licensed beds in Deland, FL.

The specialists on Meridian’s senior housing and healthcare team have proven themselves as experts across a wide variety of financing types, including acquisition, construction, mezzanine, bridge and permanent as well as accounts receivables financing. To achieve outstanding outcomes for clients, the team works with a broad array of lenders spanning specialized banks, CMBS lenders, debt funds, life insurance companies, and agency lending platforms, in addition to providing a broad array of advisory services such as equity capital markets and investment sales across all sub-asset classes of healthcare and senior housing properties.

Founded in 1991, Meridian Capital Group, LLC is one of the nation's largest commercial real estate finance and advisory firms. Meridian is headquartered in New York with offices in New Jersey, Maryland, Illinois, Florida and California. Working with a broad array of capital providers, Meridian arranges financing for transactions ranging from $1 million to more than $500 million for multifamily, co-op, office, retail, hotel, mixed-use, industrial, healthcare, student housing, self-storage and construction properties.